Review: Huobi cryptocurrency exchange – April 2020

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Trade hundreds of different cryptocurrency pairs on the global Huobi exchange.

  • Great for its wide range of cryptos
  • Not so great for its wash trading accusations

Check out our full list of pros and cons or read on.

27

Fiat currencies

234

Cryptocurrencies

Details

Product Name Huobi Cryptocurrency Exchange
Fiat Currencies GBP, USD, AUD, EUR, INR, BRL, KHR, CAD,CNY, NZD & 15+MORE
Cryptocurrencies BTC, BCH, ETH, XRP, LTC, BTG, DASH, ETC, EOS, QTUM & 220+ more
Deposit Methods Cryptocurrency
Trading Fee Maker: 0.2%
Taker: 0.2%
Deposit Fees None
Withdrawal Fees None

Pros

  • Available on Windows and Mac operating systems as well as through iOS and Android trading apps
  • Access to a wide range of digital coins and tokens
  • 24/7/365 customer service
  • Pre-trade education programs for new users
  • Competitive fees
  • Established in 2013

Cons

  • Has previously been accused of falsifying trading volumes
Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Learn more about:

Which fiat and cryptocurrencies are supported?

  • Supported fiat currencies: GBP, USD, AUD, EUR, INR, BRL, KHR, CAD,CNY, NZD & 15+MORE
  • Supported cryptocurrencies: Approximately 234 cryptocurrencies

Which payment methods are accepted?

  • Cryptocurrency

What’s it like to use Huobi?

Fees and limits

Platform trading fees

The base crypto to crypto trade fee is 0.2% for all pairs. This can be reduced through high trading volumes.

Trade volume (30 day USDT)Maker feeTaker fee
0 to 5 million0.2%0.2%
5 to 10 million0.04%0.060%
10 to 15 million0.035%0.055%
15 to 25 million0.030%0.055%
25 to 35 million0.030%0.045%
35 to 70 million0.025%0.040%
70 to 150 million0.025%0.035%
150 to 300 million0.025%0.030%
300 million+0.015%0.025%
500 million+NegotiableNegotiable

The rate for fiat to crypto trades depends on whether you are placing an order (maker) or are taking an existing order (taker), and the currencies you are trading.

CurrencyMaker feeTaker fee
CNY – BTC/ETH0.0%0%
CNY – USDT/HUSD0.0%0%
CNY – EOS/HT/XRP, LTC0.2%0%
All other trades0.7%0%

Deposit and withdrawal fees

Network fees apply to cryptocurrency deposits and withdrawals, while fiat currency fees will vary depending on the payment method and the currencies.

The withdrawal limits will similarly vary depending on the currency or cryptocurrency being withdrawn, and whether or not you are a verified user.

You can find your limits on the withdraw screen when you are logged in.

How fast will my funds be available?

Deposits

Clock icon for transfer speed

Within minutes

The number of confirmations required for deposits varies depending on the cryptocurrency. It will typically take a few minutes.

Withdrawals

Clock icon for transfer speed

Varies

The number of confirmations required for cryptocurrency withdrawals varies, but it will typically take more confirmations than deposits.

Is Huobi Global safe to use?

  • Regulation. Huobi Global is incorporated in the Seychelles. Although it is legal to use Huobi Global in New Zealand, it may not be in some other countries. Keep in mind that this exchange is not regulated in New Zealand. If you use Huobi, you are responsible for ensuring you are complying with any relevant laws and regulations.
  • Verification process. Huobi does not require verification for all users, but reserves the right to request the information needed to verify any customers in line with its AML/KYC obligations. Verification is required for higher withdrawal limits.
  • Security features. Huobi has been in operation since 2013 and it says it follows industry best practices such as keeping ~98% of user funds in cold storage at any given time. It claims to have an investor protection fund which can be used to reimburse affected users in the event of a hack.

How do I create an account at Huobi?

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What else do I need to know about Huobi?

Huobi has been in operation since 2013. It was formerly based in China but has moved around the world as regulations change in different locations.

It’s currently incorporated in the Seychelles.


In a nutshell

Pros

  • Wide selection: Huobi offers a wide range of coins.
  • Good liquidity: As a large and well-known exchange, Huobi has deeper liquidity than many other exchanges.
  • Feature-filled: Huobi offers a range of features such as margin trading, fiat currency order books and more.

Cons

  • Loosely regulated: Trading on Huobi is done largely at your own risk.
  • Not ideal for beginners: The wide range of features and limited regulatory protections mean Huobi may not be an ideal choice for beginners.
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Compare Huobi against other exchanges

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17
cryptocurrencies

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Electronic Funds Transfer
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Wire transfer
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33
cryptocurrencies

Buy, sell and trade a range of digital currencies on this high-liquidity exchange – suitable for beginners right through to advanced traders.

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cryptocurrencies

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9
cryptocurrencies

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Bank transfer (ACH)
Credit card
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Faster Payments Service
USD, EUR, GBP, RUB

22
cryptocurrencies

Disclaimer: Highly volatile investment product. Your capital is at risk.
Use your USD, EUR or RUB to buy and sell cryptocurrency at competitive exchange rates and with high maximums for verified accounts.
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Frequently asked questions

Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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